yes it is a speculative risk.
The main cost in the financing business is the cost of bad debts.
Losing their business as a result of bad debts.
Losing their business as a result of bad debts
Losing their business as a result of bad debts
If you are using a Schedule C for your company, "bad debts" is a line-item on it.
Debit Bad Debts Credit Provisions for Bad Debts
Bad Debts was created in 1996.
The ISBN of Bad Debts is 0732258162.
Bad Debts has 297 pages.
. If they could not collect what they were owed, they went out of business.
[Debit] Bad debts [credit] accounts receivable
bad debts a/c Dr To sundry debtors a/c